Utah Tops Forbes Best States for Business List

For the third year in a row, Utah is number one on the Forbes list of Best States for Business. The ranking is based on six factors: costs, labor supply, regulatory environment, current economic climate, growth prospects, and quality of life. Some of Utah’s benefits for businesses are: a low corporate tax rate (5%), a young labor force (median age 29), and a relatively free regulatory climate (few frivolous lawsuits are rewarded).